NEWPORT BEACH, Calif., June 26, 2014 (GLOBE NEWSWIRE) -- Collectors Universe, Inc. (Nasdaq:CLCT), a leading provider of value-added authentication and grading services to dealers and collectors of high-value collectibles, today announced that, according to the preliminary list of additions published by Russell Investments, the Company will be added to the Russell 2000® Index, when Russell Investments reconstitutes its comprehensive set of U.S. and global equity indexes on June 27, 2014. Collectors Universe will also be added to the Russell 3000® and Russell Global indexes.
The Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for passive and active investment strategies. The Russell 3000 captures the 3,000 largest U.S. stocks as of the end of May of each year, ranking them by total market capitalization. The largest 1,000 companies in this ranking make up the Russell 1000 and the next largest 2,000 companies comprise the Russell 2000. The Russell 3000 also serves as the U.S. component to the Russell Global Index. Each year the Russell 2000 is reconstituted to provide a comprehensive and unbiased small-cap barometer and to ensure that larger stocks do not distort the performance and characteristics of the true small-cap opportunity set.
About Collectors Universe
Collectors Universe, Inc. is a leading provider of value-added services to the high-value collectibles markets. The Company authenticates and grades collectible coins, trading cards, event tickets, autographs and memorabilia ("collectibles"). The Company also compiles and publishes authoritative information about United States and world coins, collectible trading cards and sports memorabilia and operates its CCE dealer-to-dealer Internet bid-ask market for certified coins and its Expos trade show and conventions business. This information is accessible to collectors and dealers at the Company's website, http://www.collectors.com and is also published in print.
Cautionary Statements Regarding Forward Looking Information
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include information that is subject to change and to risks, uncertainties and various assumptions which may, due to future events outside of our control, subsequently prove to have been incorrect. The forward-looking information presented in this press release is not an assurance of future events and actual events in the future may differ materially from those described in or suggested by the forward-looking information contained in this press release.
Forward-looking statements generally (but not always) contain terms such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "project," or future or conditional verbs such as "will," "would," "should," "could," or "may." The forward looking statements in this press release speak only as of the date of this press release, and we disclaim any obligation to update or revise any of the forward-looking statements as a result of new information, future events or otherwise, except as may be required by law or NASDAQ rules.